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20121027
20121104
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, so it's not been a great improvement in the economy. we've had a very -- >>ity an indicator of which way the economy is -- is it an indicator of which way the economy is going? >> it has not healed enough, when you take into fact we spent $4.5 trillion in deficit recovery,. >> and an improvement ratio? >> not improving. >> not on that path. >> it's not on that path. >> is it an aberration? >> bureau of labor stats on this. have you requested them? >> yes, they don't tell you a lot of things. like the labor force participation rate. which has dropped toyorelatively low numbers, which makes the unemployment numbers lo better. >> in hindsight, when he critizes the last month's report. >> last month in crthe last month's report, the only reason that number got better was 582 people thousand left e the calculation, and went to work on a part-time basis, so the part-time jobs got better, bu we did not, they took these people out of ofthe denominator. >> those numbers are not that -- >> nay says finish? >> we're being accurate. >> i would say that's the nay-ers. if you look at the economy,
are not in a strong position. who pays the price? the american consumer and american economy. >> we have an enormous trade surplus at our expense. >> mort, what is the answer? >> the fact is romney is right in this sense. they have consistently for decades kept their currency devalued in order to magnify their exports. sell them at cheaper prices. we have been protest that go for decades. when romney can do anything about that i don't know. but the real question is how do you deal in chin with this way without getting into a trade war which would be damaging to both sides? that is going to take real diplomacy and pressure with china. >> in a trade war, who wins mort? >> we do. we have a trade deficit with them of $300 billion a year. >> you can no more win a trade war than you can win an earthquake. everybody knows that. >> nobody will win in a trade war. but we've got to find some better way of balancing the trade. as pat says we have huge deficits in trade with china for decades and a good part of the reason is not because they have a very low wage cost including for a lot of american products but
Search Results 0 to 2 of about 3 (some duplicates have been removed)